FedEx Co. (FDX) Shares Sold by Caxton Associates LP

Caxton Associates LP trimmed its stake in FedEx Co. (NYSE:FDX) by 85.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,500 shares of the shipping service provider’s stock after selling 45,000 shares during the period. Caxton Associates LP’s holdings in FedEx were worth $1,692,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Investment Centers of America Inc. boosted its holdings in shares of FedEx by 22.0% during the 1st quarter. Investment Centers of America Inc. now owns 3,215 shares of the shipping service provider’s stock valued at $629,000 after acquiring an additional 579 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of FedEx by 7.1% during the 1st quarter. AQR Capital Management LLC now owns 326,414 shares of the shipping service provider’s stock valued at $63,700,000 after acquiring an additional 21,641 shares during the last quarter. Sterneck Capital Management LLC purchased a new stake in shares of FedEx during the 1st quarter valued at about $210,000. National Asset Management Inc. boosted its holdings in shares of FedEx by 16.0% during the 1st quarter. National Asset Management Inc. now owns 1,652 shares of the shipping service provider’s stock valued at $323,000 after acquiring an additional 228 shares during the last quarter. Finally, Paloma Partners Management Co boosted its holdings in shares of FedEx by 1,102.7% during the 1st quarter. Paloma Partners Management Co now owns 39,654 shares of the shipping service provider’s stock valued at $7,738,000 after acquiring an additional 36,357 shares during the last quarter. 75.60% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of FedEx from a “hold” rating to a “buy” rating and set a $272.00 price objective on the stock in a report on Thursday. Wells Fargo & Company set a $275.00 price objective on shares of FedEx and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer reissued a “buy” rating and issued a $265.00 price objective (up previously from $236.00) on shares of FedEx in a report on Wednesday. Credit Suisse Group reissued an “outperform” rating and issued a $278.00 price objective (up previously from $233.00) on shares of FedEx in a report on Thursday, December 14th. Finally, Stephens set a $306.00 price objective on shares of FedEx and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $248.94.

In other FedEx news, insider Henry J. Maier sold 11,150 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the transaction, the insider now owns 36,747 shares in the company, valued at $8,395,219.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kim Jabal sold 3,980 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total transaction of $897,689.00. Following the sale, the director now directly owns 6,080 shares of the company’s stock, valued at $1,371,344. The disclosure for this sale can be found here. Insiders have sold 30,094 shares of company stock worth $6,824,637 in the last quarter. Company insiders own 8.45% of the company’s stock.

Shares of FedEx Co. (FDX) opened at $251.07 on Thursday. FedEx Co. has a 1 year low of $182.89 and a 1 year high of $253.24. The stock has a market cap of $65,036.54, a P/E ratio of 19.74, a PEG ratio of 1.53 and a beta of 1.36. The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 0.91.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.29. FedEx had a net margin of 4.74% and a return on equity of 20.91%. The company had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $15.67 billion. During the same quarter in the previous year, the business posted $2.80 earnings per share. FedEx’s quarterly revenue was up 9.4% on a year-over-year basis. sell-side analysts expect that FedEx Co. will post 12.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Friday, December 8th. FedEx’s dividend payout ratio (DPR) is 18.43%.

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FedEx Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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